ABS-CBN: Philippine Broadcaster Sends Strong Buy Signal

Shares of the Philippines’ largest TV broadcaster can rise near 50% as the country continues its rapid growth.

By

David Englander

Oct. 14, 2014 11:05 p.m. ET

The Philippine economy has been expanding at an impressive clip. Gross domestic product grew at 6.8% in 2012, and hit 7.2% last year. That growth is expected to continue, as the government ramps up investment in the country’s infrastructure.